Barcap lines up to take McCarthy & Stone

Barclays Capital has teamed up with Permira, the private equity firm, to make a bid for UK housebuilder McCarthy & Stone.

Permira and Barclays face competition from a rival consortium made up of Augusta Capital, the buyout firm, and HBOS, the UK bank.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire